Sabtu, 10 Oktober 2015


By Andi Abdussalam
          Jakarta, Oct 10 (Antara) - The Indonesian Capital Investment Coordinating Board (BKPM) is vying for new investments from Japan's Okayama Prefecture in the automotive component factory and from South Korea in various sectors.
        The South Korean investments being expected are estimated to be worth US$600 million.
        A major automotive component company, which so far supplied components for Mitsubishi cars, is interested in developing an auto component factory in Indonesia.
         On investment from South Korea, BKPM Chairman Franky Sibarani said on Friday his board has identified that South Korea is interested in making a new investment in Indonesia, worth US$600 million.
        The BKPM said various firms have evinced an interest to invest in different business sectors, such as a ferronickel smelter, valued at US$300 million, biomass worth US$100 million, palm oil refineries and its derivatives, and the animal food industry and fruit processing, with a combined value of US$200 million.
         Sibarani said the South Korean interest was identified through an investment and business seminar on Indonesia, organized by the Indonesian Investment Promotion Center (IIPC) and the Asean Korean Center, on Tuesday.


 by Andi Abdussalam
          Jakarta, Oct 10 (Antara) -- Businesses belonging to the Indonesian Young Entrepreneurs Association (HIPMI) welcomed the government policy providing electricity incentives for industries.
         "The government's third tranche economic policy package, which covers electricity incentives with a tariff cut, is very helpful to businesspeople in the industrial sector," HIPMI Chairman for Trade, Industry and State-owned Enterprises Ian Dafy Fachry said on Friday.
         According to Fachry, the lowering of the basic electricity tariff will have direct impacts on the nation's industries, while the reduction in diesel oil prices will have indirect benefits. 
    "We cannot deny that the lowering by Rp200 per liter of diesel fuel will help industries, particularly in the transportation sector. But its impact is not direct, while that of the electricity tariff will have a direct impact," he said.

         Earlier, the government issued a number of policies in the electricity sector for industries, which it included in its third economic policy package.
         Minister of Energy and Mineral Resources Sudirman Said remarked on Wednesday that the government has provided three types of incentives in the electricity sector, including an adjusted electricity tariff cut, a 30 percent tariff discount, and installments for paying electricity bills that are in arrears.

Jumat, 09 Oktober 2015


 by Andi Abdussalam
          Jakarta, Oct 9 (Antara) - The third phase of the government's economic policy package offers a chance to get micro loans (KUR) for entrepreneurs and for families with routine income, who wish to do business in the productive sector.
         Chief Presidential Communication Team leader Ari Dwipayana said in written statement on Wednesday that the third economic policy package included efforts to expand the recipients of micro loans for small businesses, known as KUR.
         "In order to widen banking access for entrepreneurs through the KUR scheme, the government has lowered the interest rate for KUR loans from about 22 percent to 12 percent," Ari said.
         Under the new policy package, the government said families with routine income, who are willing to do business in the productive sector, would receive KUR credits.
         With this policy, banks that have been assigned to distribute the KUR credits have been asked to actively offer the loans to such families. "This is expected to boost the number of KUR loan recipients and to facilitate the emergence of new entrepreneurs," Ari said.


 by Andi Abdussalam
          Jakarta, Oct 9 (Antara) - The Indonesian government has included new fuel oil prices in the third phase of the economic policy package to benefit the real sector, Energy and Mineral Resources Minister Sudirman Said stated.
        "Since the beginning, we have decided a pattern of fuel oil price adjustment to be implemented every three months," Minister Said remarked at an energy seminar in Jakarta on Thursday.
         He was referring to the government's third phase of the economic policy package, which included lowering the prices of diesel oil, aircraft fuel (avtur), liquefied petroleum gas (LPG), Pertamax gasoline, and Pertalite fuel.
         Besides this, the minister also explained the government's reasons to lower the prices of fuels, except that of premium gasoline whose price remains unchanged.
         "In nature, it is a multiple price-cut on fuels, such as avtur (aircraft fuel) and diesel oil, which are commonly used for transportation," Said explained.
         On Wednesday, Sept. 7, the government announced the third phase of its economic policy package focusing on several fields, which are expected to benefit businesses in the manufacturing sector.
         "In this third tranche of the policy package, the government emphasizes on how to reduce (production) costs," Chief Economic Minister Darmin Nasution noted in press statement on Wednesday.

Selasa, 06 Oktober 2015


by Andi Abdussalam
          Jakarta, Oct 7 (Antara) - The government needs to identify the main culprits behind the land fires and haze that have caused health problems and hindered daily activities in Indonesia and the neighboring countries.
        The main culprits of forest and bush fires must be identified to ascertain whether they are plantation companies, nomadic farmers, or individuals, so that effective steps can be taken to overcome the problems.
         Environment expert Mohammad Hasroel of the University of Indonesia affirmed that the haze in several parts of the country was caused by land clearing activities for conducting rice farming.
         However, according to the environmental forum Walhi, most of the hotspots in Indonesia are found in the concession areas of companies.
        The environmental forum pointed out that from January to September 2015, the Institute of National Aviation and Space (LAPAN) recorded 16,334 hotspots, while the NASA FIRM noted 24,086 cases of fires in the five provinces of Jambi, West Kalimantan, Central Kalimantan, South Sumatra, and Riau.

Selasa, 29 September 2015


 by Andi Abdussalam
          Jakarta, Sept 29 (Antara) - The Indonesian government announced a second tranche of economic policy package on Tuesday, aiming to attract more investment by providing facilities to investors and exporters to do business in the country.
         According to Chief Economic Minister Darmin Nasution, since the aim is to draw more investment, the government is determined to cut the bureaucratic red tape and the time taken to wrap up licensing procedures to only a few hours from the several days it used to take so far.
         Unlike the first economic policy package announced by President Joko Widodo himself on September 9, 2015, the second economic policy package was announced on Tuesday (Sept 29) by the working cabinet ministers.
         Several policies issued by the government are aimed at simplifying procedures and expediting the licensing process to draw more investment.
         "(We) hope that it would need only three hours," Minister Darmin Nasution said when announcing details of economic policy package at the presidential office on Tuesday.


 by Andi Abdussalam
          Jakarta, Sept 29 (Antara) - The Indonesian government, through the Religious Affairs Ministry, in its capacity as the Indonesian Hajj Organizing Committee (PPIH) has increased the number of its team members to find Indonesian victims in the recent Mina stampede.
         Indonesia has increased the number of its rescue team members as the death toll of Indonesians has risen to 46, while 90 others were still missing following the Mina stampede tragedy last Thursday, September 24, which according to the latest reports, has claimed the lives of about 1,150 Hajj pilgrims.
         "Based on the directives of the religious affairs minister (Lukman Hakim Saifuddin), the members of the rescue team are increased from four to nine persons," PPIH Head for the Mecca Working Area (Daker) Arsyad Hidayat stated in the wee hours in Mecca on Tuesday.
         He noted that the addition of new members into the team is expected to speed up the efforts to find the Indonesian victims of the Mina stampede tragedy.